[PPT] - Pasadena Ar Area ea C Community ty Colleg ege D District ct PowerPoint Presentation

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Pasadena Ar Area ea C Community ty Colleg ege D District ct

Adopted ed Budget Fiscal Y Year 2017 017-18 18

R E C O M M E M E N D E D F O R A R A D O P T I O N B B Y T H E B O A R D R D O O F T R U S T E E S P R E S E N T E D B Y : D R . R I C H A R D R D S S T O R T R T I , A S S I S T A N T S S U P E R E R I N T E N E N D E N E N T & V I C E E P R E S I D E N E N T B U S I S I N E S S S S & A D M I N I S T S T R A T I V E E S E R V I C E S S E P T E M E M B E R E R 6 6 , 2 0 1 7

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SLIDE 2

Cal alif ifornia ia B Budget Highlig lights ts Community C y Colleg eges es

Unrestricted Ongoing Funding Increases

Access - $57.8 million (1%) increase
PCC: $1.2 million / 240 FTES
General Operating Allocation - $183.6 million increase
PCC: $3.6 million
Cost of Living Adjustment of 1.56% (COLA) - $97.6 million
PCC: $2.0 million

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SLIDE 3

Cal alif ifornia ia B Budget Highlig lights Community C y Colleg eges es

Restricted One-time Funding

$150 million for Guided Pathways
PCC: tbd
$76.9 million for deferred maintenance / instructional equipment
PCC: $1.6 million
$46.5 million for Proposition 39 (Funding for Clean Energy Projects)
Prop 39 provides funding for 5 years – last year is 2017/18
PCC: $800K

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SLIDE 4

Caution

ns a

and Concer erns

Economic and political uncertainties
STRS and PERS
Increasing Employer Contribution Rates
Annual ongoing STRS / PERS expense will increase $7.0 million by FY 2020/21
Other Postemployment Benefit (OPEB) Liability

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Year STRS PERS 2016/17 12.58% 13.89% 2017/18 14.43% 15.80% 2018/19 16.28% 18.70% 2019/20 18.13% 21.60% 2020/21 19.10% 24.90%

SLIDE 5

Gene neral F Fund nd Budge get FY 2 2017/18

Tentative Budget Adopted Budget Change

Revenue State Apportionment $133,832,950

86.3%

$133,364,586

85.2%

($468,364) Lottery 3,461,327

2.2%

3,681,828

2.4%

220,501 State Mandated Claims 375,050

0.2%

682,214

0.4%

307,164 Non-resident Tuition 9,373,000

6.0%

9,373,000

6.0%

CalSTRS On Behalf Payment 4,000,000

2.6%

5,000,000

3.2%

1,000,000 Categorical / Student Fees / Other 4,102,295

2.6%

4,413,335

2.8%

311,040 Total Revenue $155,144,622

100.0%

$156,514,963

100.0%

$1,370,341 Expenses Salaries and Benefits $132,651,670

85.5%

$133,586,961

85.4%

$935,291 Supplies and Materials 2,130,119

1.4%

2,139,796

1.4%

9,677 Operating Expenses and Services 16,164,107

10.4%

16,507,169

10.5%

343,062 Capital Outlay 657,321

0.4%

637,883

0.4%

19,438

Other Outgoing / Transfers 3,541,405

2.3%

3,643,154

2.3%

101,749 Total Expenses and Transfers $155,144,622

100.0%

$156,514,963

100.0%

$1,370,341 Surplus (Deficit)

0-

0.0%

0-

0.0%

0-

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Tentative Budget Adopted Budget Change

Revenue State Apportionment $133,832,950

86.3%

$133,364,586

85.2%

($468,364) Lottery 3,461,327

2.2%

3,681,828

2.4%

220,501 State Mandated Claims 375,050

0.2%

682,214

0.4%

307,164 Non-resident Tuition 9,373,000

6.0%

9,373,000

6.0%

CalSTRS On Behalf Payment 4,000,000

2.6%

5,000,000

3.2%

1,000,000 Categorical / Student Fees / Other 4,102,295

2.6%

4,413,335

2.8%

311,040 Total Revenue $155,144,622

100.0%

$156,514,963

100.0%

$1,370,341 Expenses Salaries and Benefits $132,651,670

85.5%

$133,586,961

85.4%

$935,291 Supplies and Materials 2,130,119

1.4%

2,139,796

1.4%

9,677 Operating Expenses and Services 16,164,107

10.4%

16,507,169

10.5%

343,062 Capital Outlay 657,321

0.4%

637,883

0.4%

19,438

Other Outgoing / Transfers 3,541,405

2.3%

3,643,154

2.3%

101,749 Total Expenses and Transfers $155,144,622

100.0%

$156,514,963

100.0%

$1,370,341 Surplus (Deficit)

0-

0.0%

0-

0.0%

0-

Tentative Budget Adopted Budget Change

Revenue State Apportionment $133,832,950

86.3%

$133,364,586

85.2%

($468,364) Lottery 3,461,327

2.2%

3,681,828

2.4%

220,501 State Mandated Claims 375,050

0.2%

682,214

0.4%

307,164 Non-resident Tuition 9,373,000

6.0%

9,373,000

6.0%

CalSTRS On Behalf Payment 4,000,000

2.6%

5,000,000

3.2%

1,000,000 Categorical / Student Fees / Other 4,102,295

2.6%

4,413,335

2.8%

311,040 Total Revenue $155,144,622

100.0%

$156,514,963

100.0%

$1,370,341 Expenses Salaries and Benefits $132,651,670

85.5%

$133,586,961

85.4%

$935,291 Supplies and Materials 2,130,119

1.4%

2,139,796

1.4%

9,677 Operating Expenses and Services 16,164,107

10.4%

16,507,169

10.5%

343,062 Capital Outlay 657,321

0.4%

637,883

0.4%

19,438

Other Outgoing / Transfers 3,541,405

2.3%

3,643,154

2.3%

101,749 Total Expenses and Transfers $155,144,622

100.0%

$156,514,963

100.0%

$1,370,341 Surplus (Deficit)

0-

0.0%

0-

0.0%

0-

Revenue Tentative Budget Adopted Budget Tentative vs. Adopted State Apportionment $133,832,950

86.3%

$133,364,586

85.2%

$(468,364) Lottery 3,461,327

2.2%

3,681,828

2.4%

220,501 State Mandated Claims 375,050

0.2%

682,214

0.4%

307,164 Non-resident Tuition 9,373,000

6.0%

9,373,000

6.0%

CalSTRS On Behalf Payment 4,000,000

2.6%

5,000,000

3.2%

1,000,000 Categorical / Student Fees / Other 4,102,295

2.6%

4,413,335

2.8%

311,040 Total Revenue $155,144,622 100.0% $156,514,963 100.0% $1,370,341 Expenses Salaries and Benefits $132,651,670

85.5%

$133,586,961

85.4%

$935,291 Supplies and Materials 2,130,119

1.4%

2,139,796

1.4%

9,677 Operating Expenses and Services 16,164,107

10.4%

16,507,169

10.5%

343,062 Capital Outlay 657,321

0.4%

637,883

0.4%

19,438

Other Outgoing / Transfers 3,541,405

2.3%

3,643,154

2.3%

101,749 Total Expenses and Transfers $155,144,622 100.0% $156,514,963 100.0% $1,370,341 Surplus (Deficit)

0-
0-
0-

SLIDE 6

Budget Augmentation as a result of the Program Review Process

* Total requests: 155 requests totaling nearly $12 million were prioritized by the College * Of the 155 requests, 44 or 28% were approved and are included in the FY 2017/18 budget * Funding methodology used: The first ten items of the prioritized list and all requests equal to

r below $5,000 were funded.

* Total funded $403,196

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SLIDE 7

Trans nsfers

Fund Transfers 01 General Fund $ (3,643,154) 33 Child Development Center Fund 52,750 41 Capital Outlay Fund 685,000 62 Property & Liability Self -Insurance Fund 1,411,016 64 OPEB Self-Insurance Fund 1,000,000 69 Other Internal Service Fund - PERS/STRS 494,388 Total $ -

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SLIDE 8

Sum ummary of F Funds ds 2017/2018 Tentative B Budg dget

Fund Beginning Balance Income Expenditures Transfers Net Activity Ending Balance 01 General Fund $26,502,806 $156,514,963 $(152,871,809) $ (3,643,154)

$ 26,502,806

03 Restricted General Fund 2,048,420 41,882,486 ( 41,937,874) ( 55,388) 1,993,032 29 Capital Servicing Fund 1,040,729 1,000 ( 929,884) (928,884) 111,845 33 Child Development Center Fund 281,246 841,182 ( 893,932) 52,750

281,246

41 Capital Outlay Fund 5,583,649 5,119,011 ( 7,086,533) 685,000 (1,282,522) 4,301,127 42 Building Fund - Measure P 6,817,672 ( 6,817,672) (6,817,672)

43 Scheduled Maintenance

2,625,598 2,972,663 ( 5,571,260) (2,598,597) 27,001 59 Identity Services Fund 112,212 36,105 ( 53,920) (17,815) 94,397 61 Workers Compensation Self- Insurance Fund 2,133,297 1,883,629 ( 1,883,629)

2,133,297

62 Property & Liability Self -Insurance Fund 498,430 ( 1,411,016) 1,411,016

498,430

63 Dental Coverage Self - Insurance Fund 2,658,060 1,350,000 ( 1,350,000)

2,658,060

64 OPEB Self-Insurance Fund 14,583,891 ( 1,800,000) 1,000,000 (800,000) 13,783,891 69 Other Internal Service Fund - PERS/STRS 5,314,522 494,388 494,388 5,808,910 74 Student Financial Aid Fund 760,389 42,398,230 (42,398,230)

760,389

Total $ 70,960,921 $ 252,999,269 $(265,005,759) $ - $ (12,006,490) $ 58,954,431

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Question

ns

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